I think that you are right. This all about giving the perception of doing something and mitigating as much of the Deflationary damage as possible short of going Weimer. I think Bernanke knows that he can’t stop the Deflationary spiral we are in. Only, he is willing to walk up the edge of the abyss, look over, and dance a wild jig (since it’s St Patty’s Day). The question is, does he lose his balance and fall into the abyss??
